New International Rating for Evoca from Fitch Ratings
Fitch Ratings has awarded Evocabank an IDR of 'B' with a Positive Outlook and a VR of 'b'.18.05.2023
On 15 May 2023, the internationally renowned Fitch Ratings agency awarded Evocabank a Long-term Issuer Default Rating (IDR) of 'B' with a Positive Outlook and a Viability Rating (VR) of 'b'.
This rating demonstrates the Bank's positive financial performance, business stability evaluated by VR, high capitalization and liquidity.
Fitch believes that Positive Outlook on Evoca's IDR reflects the high quality, steadfast development and profitability of the loan portfolio.
Fitch's IDR of 'B' with a Positive Outlook and VR of 'b' will help increase the level of confidence to the Bank, develop business relations with foreign investors in Armenia, as well as promote Bank’s international recognition.
We, in turn, will continue to improve our internal and external banking processes, regularly introducing new digital solutions and providing products and services that meet high international standards.